eGOVA(300075)2024-04-23 09:45Financial Performance - The company's operating revenue for Q1 2024 was ¥294,260,848.44, representing an increase of 8.15% compared to ¥272,095,500.38 in the same period last year[3] - Net profit attributable to shareholders was ¥56,535,278.46, up 12.53% from ¥50,239,488.89 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥56,351,990.27, reflecting a 16.84% increase from ¥48,228,427.33 in the previous year[3] - Basic and diluted earnings per share were both ¥0.0910, an increase of 10.71% from ¥0.0822 in the previous year[3] - Total revenue from sales of goods and services received was 178,451,457.71 RMB, down from 243,050,616.24 RMB year-over-year, reflecting a decrease of approximately 26.7%[52] - The total profit amounted to 56,725,828.25, reflecting a growth of 13.5% year-over-year[60] - The total comprehensive income for the quarter was 50,230,304.73, marking a growth of 12.6%[60] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥102,779,964.58, worsening by 22.24% compared to a net outflow of ¥84,079,691.04 in the same period last year[3] - The company's cash and cash equivalents decreased by 41.44% to ¥966,576,388.66 from ¥1,650,546,443.51 year-on-year, primarily due to the purchase of financial products[5] - The cash flow from financing activities showed a net outflow of 14,773,319.24 in the previous year[64] - The ending balance of cash and cash equivalents was 1,636,306,069.90 at the beginning of the period[64] - The cash inflow from investment activities was 183,102,862.63 RMB, while cash outflow for investment activities was 762,264,846.02 RMB, resulting in a net cash flow from investment activities of -579,161,983.39 RMB[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,922,044,815.88, a 0.92% increase from ¥4,877,066,555.65 at the end of the previous year[3] - The company's cash and cash equivalents decreased to CNY 966,576,388.66 from CNY 1,650,546,443.51, a decline of 41.3%[56] - Accounts receivable increased to CNY 1,708,537,150.81 from CNY 1,584,874,795.03, representing a rise of 7.8%[56] - Total liabilities decreased to CNY 804,409,227.84 from CNY 810,788,743.82, a reduction of 0.5%[57] Shareholder Information - The total number of common shareholders at the end of the reporting period was 84,395[21] - Major shareholder Wu Qianghua holds 21.97% of shares, totaling 136,464,977 shares[21] - The company has repurchased a total of 719,920 shares, representing 0.1159% of the total share capital, with a total transaction amount of 9,404,226.55 RMB[45] - The company plans to use self-owned funds to repurchase shares with a total amount not less than 100 million RMB and not exceeding 200 million RMB[30] Business Development and Strategy - The company has won several new projects in urban lifeline safety engineering, including a multi-million CNY project in Changsha for underground municipal infrastructure inspection[26] - The company has registered multiple data products and launched the "Clean Index Evaluation Report" data service product to enhance data operations[27] - The company is focusing on enhancing business competitiveness by applying for patents related to pipeline safety and urban safety risk assessment[26] - The company is leveraging artificial intelligence and data analysis to upgrade traditional labor-intensive industries and improve urban management[27] - The company is focusing on the "Xingkui Plan" for low-altitude economic development, providing services in over ten regions, including Wenzhou and Hefei, to enhance urban governance[41] - The company aims to integrate the "Xingkui" business with urban operation management services and data updating to enhance urban governance models[41] - The company has implemented the "Renhe" large model in various government service projects, aiding in the transformation towards a "service-oriented government" across multiple cities[29] Research and Development - Research and development expenses for Q1 2024 amounted to CNY 28,140,247.64, compared to CNY 26,882,655.40 in Q1 2023, indicating a growth of 4.7%[59]